Tankup Engineers Limited is coming up with an IPO with a fresh issue of 13,95,000 shares worth INR 19.53 crores. The company aims to repay their outstanding borrowings, and funds to meet working capital requirements and meet general corporate purposes. 

Tankup Engineers IPO – Important Dates 

Read more about Tankup Engineers Limited IPO GMP

Tankup Engineers Limited IPO – Company Profile 

Tankup Engineers Limited specialises in manufacturing custom superstructures for special-purpose vehicles, offering advanced mobility and storage solutions like mobile refuellers, service vans, and explosive vans across industries such as petroleum, mining, and defence. 

Focused on mobile solutions, the company manufactures Iot-enabled refuellers and tanks that transport and dispense fuel, water, and explosives to remote or underserved sites, ensuring operational continuity in challenging industrial environments. 

Expanding into defence and aviation, the company fabricates mobile service vans, stainless steel assemblies, and ground support equipment, while also offering repairs and reconditioning. It has secured defence orders and participates in airport equipment tenders. 

Tankup Engineers Ltd IPO Fundamental Analysis 

Tankup Engineers Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth alongside rising profits and assets, improved liquidity, reduced debt reliance, and efficient inventory management, though the return on net worth has declined. 

• Revenue Trend: The revenue increased from ₹1,181.07 lakhs in March 2023 to ₹1,941.85 lakhs in March 2024. The revenue for the current year’s 8-month period ending November 2024 is INR 1,245.00 lakhs.
• Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing. 
• Profitability: The profit after tax (PAT) increased from ₹78.87 lakh in March 2023 to ₹256.88 lakh in March 2024, boosting investor confidence. The profit for the period ending November 2024 is ₹94.70 lakh. 
• Earnings per Share (EPS): The diluted EPS increased from ₹2.97 in March 2023 to ₹9.34 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the period ended November 2024 is ₹2.91. 
• Return on Net Worth (RoNW): The RoNW has reduced from 70.80% to 15.35%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

• Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover   Ratio, which might suggest faster sales or efficient inventory management. 

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Tankup Engineers IPO Financial Analysis 

Tankup Engineers Limited IPO Peer Comparison 

There are no listed companies in India that are engaged in a business similar to that of Tankup Engineers Limited. Accordingly, it is not possible to provide an industry comparison.

Tankup Engineers Ltd IPO Objective 

The main objective of Tankup Engineers Limited is to repay certain of their outstanding borrowings and funds to meet working capital requirements. 

1. Repayment in full or in part, of certain of their outstanding borrowings: The company intends to utilise INR 3.50 crores from Net Proceeds to partially repay cash credit borrowings from the Central Bank of India, reducing debt burden and enabling reinvestment in business growth without incurring prepayment charges. 

2. Funding to meet working capital requirements: The company aims to utilise INR 10.00 crores from Net Proceeds in Fiscal 2026 and 2027 to meet incremental working capital needs, enabling business expansion, better credit terms, and improved procurement efficiency for enhanced profitability. 

3. General Corporate Purpose: The company will deploy the balance towards general corporate purposes, including funding strategic growth initiatives, routine business expenses, servicing borrowings, brand building, marketing, meeting unforeseen exigencies, and other operational or expansion-related requirements. 

Tankup Engineers IPO Risks And Challenges 

Tankup Engineers Limited’s risk includes significant reliance on key customers for revenue, potential defects in specialised products, and reliance on in-house engineers for estimates. Deviations in cost or customer strategy changes could negatively impact operations and financials. 

• They depend significantly on key customers, with the top ten contributing over 60% of revenue. Loss or reduction of orders, lack of long-term contracts, or changes in customer strategies could adversely impact their business and financial performance. 

• They manufacture specialised vehicle superstructures adhering to strict customer quality standards. Defects may lead to safety issues, order cancellations, or recalls. While audits are routine, no major quality failures or compliance issues have occurred to date. 

• They rely on in-house engineers for timely operations and accurate estimates. Deviations in cost estimates, influenced by supplier prices and customer specifications, could adversely impact their cash flow, operations, and financial condition. 

Tankup Engineers Ltd IPO – Industry & Market Potential 

India’s infrastructure development, supported by initiatives like Gati Shakti and the National Infrastructure Pipeline, is crucial for achieving a US$ 26 trillion economy by 2047. This includes enhancing transportation, electricity, and water systems to boost growth. 

The Indian defence sector, contributing significantly to the economy, focuses on military aircraft, naval vessels, and missiles. With a defence budget of US$ 74.7 billion in 2024, India aims for US$ 6.02 billion in exports by 2028-29. 

The Indian civil aviation industry is rapidly growing, with air traffic reaching 327.28 million in FY23. By 2024, India is expected to become the third-largest market globally. The sector will see US$ 25 billion in investments by 2027. 

Tankup Engineers Limited IPO – Type of Offer 

Tankup Engineers Limited is coming up with an IPO with a fresh issue of 13,95,000 shares worth INR 19.53 crores. The company aims to repay their outstanding borrowings, and funds to meet working capital requirements and general corporate purposes. 

Tankup Engineers IPO Offer Size 

The offer size of Tankup Engineers Limited is INR 19.53 crores, consisting of a fresh issue of 13,95,000 shares. The company aims to repay their outstanding borrowings, and funds to meet working capital requirements and general corporate purposes. 

Tankup Engineers Limited IPO Allotment Structure 

Tankup Engineers Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 70,000 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs 2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 70,000 shares, is reserved for market makers. 

How to apply for the Tankup Engineers IPO?

To apply for the Tankup Engineers Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Tankup Engineers Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Tankup Engineers Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Tankup Engineers IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Tankup Engineers Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Tankup Engineers Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

Apart from Alice Blue, there are other ways to check the allotment status of the Tankup Engineers Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Tankup Engineers Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes. 

Tankup Engineers Ltd IPO Offer Registrar

The registrar for the Tankup Engineers Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Bigshare Services Private Limited

Office No. S6-2, 6th Floor, Pinnacle Business Park, 

Next to Ahura Centre, Mahakali Caves Road, Andheri East, 

Mumbai – 400 093, Maharashtra, India

Tel: 022 – 6263 8200

E-mail: [email protected]

Website: www.bigshareonline.com 

Tankup Engineers – FAQs